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Are you paying too much for your stocks and shares ISA?


Published on 2025-03-19 12:20:55 - MoneyWeek
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  • Analysis by new ISA market entrant Lightyear claims stocks and shares ISA holders are paying more than
  • 800 million extra in "unnecessary account fees," when only holding stocks and ETFs, which can eat into their returns.

The article from MoneyWeek discusses the costs associated with Stocks and Shares ISAs, highlighting that while these accounts offer tax advantages, the fees charged by providers can significantly impact long-term investment returns. It points out that many investors might be overpaying due to high platform fees, transaction costs, and other charges like fund management fees. The piece advises investors to be vigilant about the total cost of ownership, including hidden fees, and suggests comparing different providers to find the most cost-effective options. It also mentions that some providers offer low-cost or even free trading options, which could be beneficial for those who trade frequently. The article emphasizes the importance of understanding all fees involved to ensure that the tax benefits of an ISA are not outweighed by excessive charges.

Read the Full MoneyWeek Article at:
[ https://moneyweek.com/personal-finance/stocks-and-shares-isas/are-you-paying-too-much-for-your-stocks-and-shares-isa ]